global financial crisis (GFC)

Bernanke admits Fed made mistakes combating financial crisis 10 years ago
WASHINGTON (Sept 13): Former Federal Reserve Chairman Ben Bernanke acknowledged that policy makers made two critical errors fighting the financial crisis a decade ago: They failed to see it coming with such force then underestimated how much economic damage it would cause later. "Nobody saw how widespread and devastating the crisis itself would be," he said in a short video discussing the ...
Are we headed for another recession?
SINGAPORE (Sept 7): The outcome of the Global Financial Crisis (GFC) has altered the business and economic landscape — for better or worse. First, tighter regulations in the financial services industry were introduced in the US, including the Dodd-Frank Wall Street Reform and Consumer Protection Act enacted in 2010. Globally, including in Singapore, Basel III required banks to have higher ...
Millennials sit out the bull stock market: Barry Ritholtz
(Sept 6): What has happened to the generation of investors that came of age in the middle of the worst financial crisis since the Great Depression? The evidence suggests their experiences scarred them deeply, though we don’t yet know if this psychological damage is permanent. That is the conclusion of a white paper by Vanguard Group, entitled “Risk-Taking Across Generations.” You may ...
What has improved 10 years after Lehman: DBS
SINGAPORE (Sept 4): This year marks the 10th anniversary of the Global Financial Crisis or Lehman Crisis that sent shock waves through the global financial system. On Sept 2008, financial services firm Lehman Brothers filed for bankruptcy which eventually prompted massive capital-raising exercises to keep a number of key financial institutions afloat. After relentless efforts to supply ...
Emerging Asia hit by biggest foreign investor exodus since 2008
BANGKOK (June 18): A falling tide lowers all boats, it seems. Amid an exodus from emerging markets, investors are pulling out of even Asian economies with solid prospects for growth and debt financing. Overseas funds are pulling out of six major Asian emerging equity markets at a pace unseen since the global financial crisis of 2008 -- withdrawing US$19 billion from India, Indonesia, the ...
Asian consumption on upward trend despite weak G7 growth in 2018: Oxford Economics
SINGAPORE (May 25): Relatively weak consumption growth is likely to persist across G7 nations this year, says Oxford Economics on the belief that the impact of a recovery in real incomes will be dampened by higher oil prices and waning wealth effects going forward.  The research firm’s baseline forecast is for G7 household spending growth to remain broadly stable in 2018, but ...
Learn to profit from volatility in this year of normalisation, Lombard Odier CIO tells investors
SINGAPORE (Feb 20): Sharp movements in markets have been a wake-up call for complacent investors, but this should not have come as a surprise, says Lombard Odier Private Bank in its CIO Viewpoint February report. The normalisation of monetary policy brings challenges to financial markets and 10 years after the Global Financial Crisis, economies are starting to stand on their own two feet ...
Central banks find that a tool to curb bubbles is doing the job
SINGAPORE (Dec 4): Central bankers are starting to see promising results from one of the recent additions to their monetary policy toolbox. Lending curbs to stem financial risk -- so-called macroprudential limits -- have helped slow risky borrowing and temper property price bubbles in countries from New Zealand to Canada, a host of financial stability reports showed this week. While there ...
3 ways this ETF could be a useful defensive portfolio component
SINGAPORE (Sept 7): Phillip Capital is highlighting ProShares S&P 500 Dividend Aristocrats ETF (NOBL) as a defensive addition to investor portfolios, given recent geopolitical events and global market volatility. NOBL tracks an equal-weighted index of 50 S&P 500 that have increased their dividend payouts for 25 consecutive years or more, and covers both US and international markets. ...
No, wait, this is the real anniversary of the Global Financial Crisis
NEW YORK (Aug 25): Just five minutes before Monday’s solar eclipse, hundreds of beachgoers along the Cape Cod National Seashore were donning special glasses and positioning empty cereal boxes with pinholes in them, tittering with anticipation to see the moon begin to blot out much of the sun. As a result, they missed something far more exciting some 10 yards offshore. A hungry great white ...